Tejas Networks Reports 32pc Rise In Net Profit, Stock Up

Shares of Tejas Networks gained over 1pc intraday on Tuesday after the company reported a rise of 32.33pc in its net profit at Rs35.86crore. The Company, on consolidated basis, reported rise of 23.46pc in its net profit at Rs35.89crore for the for the Q4FY19 V/s Rs29.07crore for the corresponding quarter in...

Money Maker Research, Investment Advisory, Flat Market

Stock Markets Open Flat, Nifty Bank Index Lags

Stock markets opened flat on Thursday as investors’ attention focused on RBI’s monetary policy decision to be announced today. The Central Bank is likely to reduce rates for the second-time in a row this year with retail inflation keeping low and Indian economy showing muted growth prospects. At 10.15am, the BSE Sensex...

Jet Airways Gets Rs2050-Cr Loan, Stock Up

Shares of the Air carrier Jet Airways India Ltd gained over 3 percent on BSE and NSE, on news reports that the company has obtained a fresh loan of Rs2,050 crore from Punjab National Bank (PNB). Further, according to Mint report, the airline had also raised foreign currency term loans...

V-Mart profit surge 14-pc, Stock climbs

Leading fashion store footprint, V-Mart Retail Limited posted strong earning numbers for the Q3FY19 with profit mounting 14% to Rs 42 crore buoyed by strong festive sales during Oct-Dec 2018. The fashion company had reported a net profit of Rs 37 crore, a year before. Revenue from operations arrived at...

ICICI Prudential share falls after weak results

ICICI Prudential Life Insurance Company share price sunk over 11 percent after company announced 34 percent fall in net profit for the third quarter ended Dec 31, 2018. The Company has announced a 34.36 percent year-on-year fall in its Q3 net profit at Rs 296.77 crore, recording 35.26 percent dip in...

Stocks to Observe on Friday

The following stocks would be closely observed during Friday’s session on the back of their earnings prospects which have been announced yesterday: Hindustan Unilever Ltd (HUL) has reported 8.9% increase in its Q3FY19 on Y-o-Y. For the December-ended-quarter, the FMCG major’s profit rose to Rs 1444 cr, from Rs 1326 cr...